Alaska Air Group
(ALK) is down 2% to $64.50 after reporting fourth-quarter earnings. The airline earned 75 cents a share on revenue of $2.06 billion. Analysts were looking for EPS of 71 cents on revenue of $2.06 billion. Alaska also raised its dividend by 9%.

Intel
(INTC) is down 6.6% to $46.50 after reporting fourth-quarter earnings. The tech giant earned $1.28 a share on revenue of $18.66 billion. Analysts were looking for EPS of $1.22 on revenue of $19.02 billion. For the full year, it sees EPS of $4.60 on revenue of $71.5 billion. Consensus calls for EPS of $4.54 on revenue of $73.22 billion. It also raised its dividend by 5%.

Norfolk Southern
(NSC) is down 3.6% to $160 after reporting fourth-quarter earnings. The rail operator earned $2.57 a share on revenue of $2.9 billion. Analysts were looking for EPS Of $2.28 on revenue of $2.85 billion.

Western Digital
(WDC) is up 10.3% to $44.26 after reporting fiscal second-quarter earnings. The storage maker earned $1.45 a share on revenue of $4.23 billion. Analysts were looking for EPS of $1.50 on revenue of $4.26 billion. However it still expects to see growth resume in the second half of the year.

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